The owner of Inter had invested in the Chinese real estate giant which is now at risk of collapse
Evergrandeis the largest real estate giant in the China. The crisis following the covid is also shaking this giant which has suffered a collapse of the shares of 8.6% up to peaks of -12%. “In the past few weeks, the huge $ 305 billion liability (of which 100 of debt to be repaid) has emerged that oppresses the billionaire’s group Xu Jiayin”, writes Libero the newspaper. In 2017 he was the richest man in Asia, with assets of 45 billion dollars and which would now be around 9 billion. The group’s shares were worth $ 14 in 2012 and are now worth $ 3 each. There is the risk of bankruptcy and for this reason hundreds of shareholders took to the streets to protest and to demand the liquidation of the shares. The police had to intervene.
If we are telling you this, it is because the question also closely concerns Zhang Jindong, the owner of Inter. “Among Evergrande’s creditors there is also the Suning of the billionaire Zhang, the current owner of Inter. Zhang’s group lent Evergrande 17 billion yuan (2.2 billion euros). If the debt is not honored, a troubled Zhang could go through his portfolio, including Inter Milan, to understand where and how to recover the lost money“, reads the newspaper.
September 15, 2021 (change September 15, 2021 | 17:32)
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